Asia

Buffett-backed Nubank reaches 70 million clients

Reuters | September 26, 2022

SAO PAULO (Reuters) – Brazil’s Nubank has reached 70 million clients across its three operating countries, Latin America’s largest financial technology company said on Monday. The digital bank, backed by investors including Warren Buffett’s Berkshire Hathaway and Softbank Group Corp, said it had 66.4 million customers in Brazil, its main market, up from 62.3 million […]

Nvidia unveils new gaming chip with AI features, taps TSMC for manufacturing

Reuters | September 20, 2022

By Stephen Nellis (Reuters) – Nvidia Corp on Tuesday announced new flagship chips for video gamers that use artificial intelligence (AI) to enhance graphics, saying it has tapped Taiwan Semiconductor Manufacturing Co to make the processors. Nvidia has gained attention in recent years with its booming data center business, which sells chips used in artificial […]

China’s August gasoline exports nearly double from a year ago

Reuters | September 18, 2022

BEIJING (Reuters) – China’s August gasoline exports rose 97.4% from a year earlier, customs data showed on Sunday, as refiners took advantage of fresh export quotas amid faltering domestic demand. Gasoline shipments were at 1.12 million tonnes last month, while volumes for the January to August period were 30.4% lower than the corresponding period last […]